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    Exam 26: Factor Markets With Emphasis on the Labor Market
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    When Deciding Whether a Person Is "Worth" a Certain Salary
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When Deciding Whether a Person Is "Worth" a Certain Salary

Question 117

Question 117

Multiple Choice

When deciding whether a person is "worth" a certain salary, economists will want to compare a person's __________ with his or her wage or salary.


A) marginal physical product
B) marginal revenue product
C) marginal factor cost
D) derived demand
E) none of the above

Correct Answer:

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